Grindwell Norton Limited has informed the Exchange that Board of Directors at its meeting held on May 09, 2025, recommended Final Dividend of Rs. 17 per equity share.
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Grindwell Norton's Board, at its May 9, 2025 meeting, approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditor Kalyaniwalla & Mistry LLP. Revenue from operations grew modestly to Rs. 2,73,736 lakhs (vs Rs. 2,65,168 lakhs in FY24, ~3.2% growth), but standalone net profit declined to Rs. 36,083 lakhs (from Rs. 38,072 lakhs), with EPS falling to Rs. 32.59 from Rs. 34.39. The Board recommended a final dividend of Rs. 17 per share (340% on face value of Rs. 5), subject to shareholder approval at the July 25, 2025 AGM; record date is July 15, 2025. CFO Hari Singudasu stepped down (continues as Executive Director focused on strategy/M&A) and was replaced by Prakash Sabarad, effective May 10, 2025. Non-Executive Director Jean-Claude Lasserre resigned and was replaced by Stephanie Billet (Saint-Gobain Surface Solutions CEO). The company also approved a small Rs. 77 lakh investment in Jamnagar Renewals Two Pvt Ltd to source 0.8 MW of green power.
The Rs. 17 dividend signals strong shareholder returns, but the dip in net profit and EPS despite revenue growth indicates margin pressure that investors should monitor. Leadership transitions at the CFO level and the Saint-Gobain-linked director changes are routine for a subsidiary and unlikely to materially affect operations. The small green power investment is positive for ESG positioning but financially immaterial.